2012-10-27
2012-11-04
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STATION
MSNBCW 14
MSNBC 13
CSPAN 9
CNN 8
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CNBC 4
CSPAN2 4
FBC 4
KTVU (FOX) 2
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English 85

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>> with just 10 days until it is time to pull the lever, the economy is not in full recovery mode. the president is pulling out a 20 page pamphlet that he said will bring the economy back. but if you look inside there is new spending from teachers and infrastructure and energy investments and it is a stimulus plan that will not work. so is this the right or wrong plan to get america working again? hi, everybody. welcome to forbes on fox and go with steve forbes and rick unger and elizabeth mcdonald and john. >> right or wrong policy for america? >> it is a doctor bleeding the patient. it will not cure the patient but make it worse. it takes resources and will cost jobs and every job created with that means two or fewer job private sector. that will not make the economy come back. >> rick, the new economic patriotism. does it mean i am unpatriotic if i don't agree with this. >> i don't think so. >> don't like patriotism with economic plan. >> if you are going to get behind the country you need to get behind some of the thing in the plan. most particularly i like the infrastructure

economy." here's the cover of the book. professor auerswald, what role does fairplay and economic development? >> guest: well, that's a great question and maybe i'll talk about what role does fear play in our conversation about development and our conversation presence? so when we talk about our reality and share our ideas in the marketplace, we are competing with other ideas. we know three things about marketplace ideas. short-term sells better than long-term. fear sells better than hope. negative sells better than positive that is to say exaggerated flows better than moderated. to receive disproportionate number of short-term narratives of negative, exaggerated stories essentially. so short-term on the negative come exaggerated. that's what's talked about any ideas. we are creatures who grew up in the savanna or environments where we were always subject to threat. so we're looking at that thing is going to hurt us, but we are no longer in those environments. we are in a complex economy, that really relies on organizations to provide basic necessities. so we have to update our th

about disaster. >> it is not her fault to the economy. >> i should do this. >> this super pac is going crazy. >> myths about the election. >> neil: the auto industry zero argo bankrupt? >> and that is our show tonight. john: tonight we exploded duty night about elections and a natural disaster. i am told hurricane sandy is proof we need a powerful federal government, the fema to provide emergency management. the just makes sense. disaster across state lines who but the fed can help? the new york times declared a big star requires big government. very few politicians are skeptical. it is a relief to turn to ron paul. doctor, it is of myths that we need fema? >> i think so. it causes more harm than good. we handle plus a disasters 204 years before we had fema i have taken this position for a long time since the was first in office and i kept getting reelected because people were tired of fema. locked into insurance and it is a bureaucracy. they just takeover. john: across the fed line they have to have rolled? >> no. we should have real insurance. it causes many of the problems because t

people they're talking to are telling them, the economy is still the central issue in this campaign. >> i think the economy is not doing well and i think romney is the guy that can turn it around, gets back on track, get things going again for starters and i'm worried about the budgets, the deficits. all my kids are in their 30s and we need the bubbling economy to move them along. >> a lot of people are hurting right now. but the president's ideology is what we need. >> i would say that the stimulus package was a really big success and i thought that, you know, i want government to play a role in our lives and i have a feeling that romney doesn't think that it should. >> let's met bring in jonathan althar. welcome to my home state. let's talk about the economy and we put it in the context of the latest poll. jonathan, is this an economy election in ohio? >> it always is. this is the heartland of america and even when the economy isn't as big as it is this year, in ohio in particular, it's about those working class voters and whether they think that one candidate or the other is providing

definitely be smiling. we're seeing a continued deterioration of the small business economy. we're seeing month-over-month hiring continue to fall. we're seeing the average paycheck continue to fall. where we are seeing growth is in temporary or contract workers. > > let's backfill some of the numbers. hiring: what happened there? > > hiring we saw it fall 0.1% month-over-month, and it's clearly down for the year. > > you call it the pay index, but that's essentially what small businesspeople are paying their employees. what happened there? > > the average paycheck fell 0.2%. so, the take-home pay was hurt in the month of october. > > and you had, the last time you were here, there was a trend it seemed like with more and more contractor use. is that continuing? > > it is a continued trend, and we're seeing more and more contractors on the payroll as one of the sort of relief valves given all the uncertainty about the future of the economy. > > so that means that instead of hiring more, they want to have the contractors in as sort of a buffer, because they don't know where things are goin

in this country to push our economy and improve the economy over the next four years. host: breaking news this morning. we have been talking about the jobs numbers coming out today. 7.9%, slightly up from 7.8%, the unemployment rate, from september. showing 171,000 jobs added in october, this according to the u.s. bureau of labor statistics this morning. i want to get your quick reaction to those numbers. guest: first of all, that is virtually no change. yes, it is an uptick, and it was down the month before. but unemployment is staying basically around 8%. if you count the people of -- who have given up looking for jobs in this country, we have over 20 million people who are unemployed right now. we have to address their needs and concerns, and make sure they have jobs over the next four years. by producing 12 million jobs, a lot of these people will be put back to work. if we continue the policies of the last four years, i am afraid we will see the next norm for unemployment in this country will be 8%, and the unemployment figures are going to stay around that 20 million figure. i think

to start the day. i mean, one of the great entrepreneurs of the american economy, steve case, who not only has such incredible impact with aol, but now with revolution is funding and helping to develop a whole range of companies in a variety of industries. meanwhile, living in the washington area has gotten incredibly involved in trying to help the u.s. government think more intelligently about competitiveness and entrepreneurship in particular. then josh linkner, a local star here who runs detroit venture partners as i'm sure many of you know, if you're from detroit, you certainly know that, a supporter of this event which we're very grateful for, and i think symbolic of the incredible new energy that's developing in detroit. and i should also say that josh created a company calls eprize in 1999 here in detroit. it's been operating all this time. two weeks ago it sold for a nice exit. [applause] so here's the story of a local company that came from here, went all the way and, you know, he's done real well with that. meanwhile, he's invested in a ton of other companies. so i just want to s

as the race for the white house reaches its conclusion. no mat wrer i ter where i go, t economy is the most important issue in this election. i've been traveling with john avalon. he joins me now as does my good friend christine romans. she joins me from washington. jim acosta from did he back to you, iowa, where mitt romney just landed. brianna keeler is in milwaukee, wisconsin, traveling with president obama. let's start here in ohio. the state has a very complex economy. here's some of what we've been hearing from voters on this trip. >> just a lot of depressed areas. a lot of joblessness. >> just looking at the unemployment rate, it's so scary to me. >> the last four years has not been very good for our small business. >> with the debt crisis, our country has, that burden is going to be on us in the future. >> all of the skills i had are obsolete now. >> i'm not up at the white house. i don't see rich people all the time. i see a lot of poor people. >> shut down, closed, reduced wages, ship the jobs overseas. we lost 55,000 factories. >> we're probably never have the things that we did

economy. so thank you, erick. [applause] >> thank you. it's great to be here. h let me just quickly introduce our panelists. please have a seat. to my immediate left is grady burnett who's vice president of global marketing at facebook and lived in ann arbor for many years, so he's a local. mark hatch is the ceo of tech shop which has a recent facilita that opened up here not too far from the airport, we'll be talking about what we do there. danae ringelmann is the co-founder and coo of indiegogo, and david ten have is the ceo of ponoko which is a very interesting platform for manufacturing. what we're going to talk about today is the do-it-yourselfy, economy and how, how different h tools have become available to entrepreneurs beyond just whatav we've become accustomed to in the internet world. so the cost of producing a start-up, you know, has declined dramatically in the past decade, and we've seen this flowering of internet and mobile start-ups. but we're also starting to see many of those same tactics and techniques being used by start-ups in the other industries and particular

for the president? >> i think if you look at all the economic indicators and where we've seen the economy move over the last three years, especially given what the president inherited in 2009, americans should feel good about the direction we're going in. we've had 33 straight months of new private sector jobs added. second month under 8% for unemployment. we still have work to do. that's what's so important about this election. we need to stick with president, show up and vote for the president so we can keep the policies moving forward that have gotten us headed back the right direction. and not go backwards to the economic policies of the past, the ones that mitt romney is advocating for where you have a trickle down economic attitude. that's exactly what got us into this mess in the first place. we feel good about the report on friday. we know there's a on the more to do. and the president is going to keep working until every american who wants a job can get a job. but we feel like the economy is a good issue for us and the president is proud of his record. >> brent colburn, hope you get some s

debt in liabilities threatened to crush our feature. our economy struggles under the weight of government and fails to create the essential growth and employment that we need. >> now, during monday's debate, he noted the immediate danger of debt, too. >> admiral mullen said that our debt is the biggest national security threat we face. >> but what would president mitt romney do to slash the debt? well, given everything we know now, his plan doesn't add up. we know three big things about romney's plan. one. he wants to cut tax rates and pay for it by closing loopholes. two. he wants to increase defense spending by about $2 trillion over ten years. and three, he says he'll balance the budget at the end of his second term. let's start with the tax cuts. >> i want to bring down rates. want to bring the rates down, at the same time, lower deductions and credits so we keep getting the revenue we need. >> romney's across the board tax cut of 20% is $5 trillion worth. now, romney plans to close loophole to pay for it. we just don't know which wups, so we had to take some liberties o

. our economy is hurting. our national debt is exploding. and the president's policies are making things worse. americans deserve leaders that can keep their promises and will not let up until our future is secure in our economy is strong. that is why i am supporting mitt romney, and is why i am asking for the support of missouri's second congressional district. as a first-time candidate, i do a lot of listening. for all of the fear that i hear out there, the one thing that i hear most often is we can do better. it is what our parents taught us. i remember watching mind twill morning, noon, and at night. i saw my father deal with every take the government through his way, whether it had to do with the signs on the front of the building or the prices on the showroom floor. he knew that he could do better if government would just get out of the way it and stay out of the way. and he was right. when we get government off the backs of our job creators, small businesses have a better chance of thriving. and when small businesses thrive, so does our economy. that is why instead of raising taxe

the american economy was in the golden age of economic prosperity. a rising tide was lifting all boats. the economy had grown rapidly. the wages of most workers have been growing faster than the rate of theinflation. almost no one talked about poverty. book not only change the discourse but the public policy landscape. he wrote "there is a familiar america that has the highest standard of living the world has ever known. that is not change the fact that tens of millions of americans are at this very moment existing at levels of been need those necessary for human decency." a short time later. the article appeared in the new yorker called "our invisible port." they said "the extent of our poverty has suddenly become visible." it is said that walter heller gate kennedy both the book and the new yorker review. most people and he read only the review. he did tell carrington to begin to put together some proposals to reduce poverty. last chapters he wrote "there is no point to tell the institutions of a war on poverty. there's information enough for actions. all that is lacking is the polit

: well, i'll take the question first. governor romney in the middle oh f a tough economy created almost 50,000 new jobs in massachusetts. let's remember. >> on "washington journal" tomorrow morning we'll look at virge. >> now we'll go to jacksonville florida where mitt romney is to speak shortly. he is with jeb bush. >> you ready to take back the white house? i thought you might be. how did you enjoy five for fighting? he's a really good guy. did you enjoy his song "freedom never cries"? this is an important election. this an election about what the future of america is going to be. is our future going to be more debt and more regulation and more taxes? sor our future going to be in less taxes, less regulations and. nibble mitt romney. he's the right candidate at the right time to be the president of the united states. [applause] you know in the state of florida we have 820,000 people out of work, people who will looking for work, people who have given up looking for work. we need someone who understands how jobs are created. that individuals create jobs not government that creates jobs

and that is to turn america's economy around. it is turning around and denying it doesn't make it so. >> jimy williams and krystal ball, thank you so much. >> thank you. >> stay with us. much more ahead. >> there are no democrats and no republicans during a storm. there are just fellow americans. so uh this is my friend frank and his, uh, retirement plan. one golden crown. come on frank how long have we known each other? and that is to turn america's there are just fellow americans. . and that is to turn america's there are just fellow americans. . you realize the odds of winning are the same as being mauled by a polar bear and a regular bear in the same day? frank! oh wow, you didn't win? i wanna show you something... it's my shocked face. [ gasps ] ♪ [ male announcer ] get a retirement plan that works at e-trade. >>> five days to go before voters hirt the polls and we're about to be carpet bombed with a sustained blitz of political advertising. nbc news reports the total ad spending in the presidential race is about to hit $1 billion, and in this week alone both campaigns plus all the outside inte

'm equipped for because i'm raising two girls on my own. i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. massmutual is owned by our policyholders so they matter most to us. massmutual. we'll help you get there. >>> you sure wouldn't know it from the action lately. where we are in the year right now this used to be the season for owning tech stocks. every autumn, tech would outperform the rest of the market, virtually without fail. as all things technology rallied close to the holidays, the corporate technology budget flush this year, not happening at all. tech has been getting slaughtered. is this a temporary problem or something more permanent, more persistent happening out there? perhaps being caused by the decline of the desk top? the whole tech sector needs a checkup. no better place than avnet. avnet is the ultimate thermometer around. this company i like to call the biggest supermarket of tech on earth. the distributor of electronic components and one of the largest distri

there was a us nu race october 3. and that was the story in october. the economy is the issue. unlike byron i do believe that people can't stand either of the candidates. and they already can't stand the obama administration they're going to decide on the economy. and economy alone. >> the one area is issues of war. and it has this to point out this isn't just arising on the eve of the election but going on now six weeks. benghazi as we approach tuesday? >> it has. look, you can be a casual consumer and understand they have to the been straight forward with the american people from the beginning. whether selling us different stories or telling us things or whether the president saying just last week that he has shared every piece of information with the american people as soon as he got it. that is false. he hasn't been. his administration withheld information. it's an outrage. i think we don't get answers to the questions because we're an election season. it doesn't mean we can't demand answer asks won't get answers to the questions after the election. and people on the ground in benghazi and p

for the independent voters that are generally favoring romney. when you start looking at individual issues the economy still looming large with a clear plurality among likely voters. although when you look at national security at the bottom it has edged up just a bit. this is the president handling the economy. approved are 45 percent disapproval of the majority. it is a tough number to head into reel lesh wi-- reelection . new unemployment numbers coming out tomorrow. >>> talk about that with cheryl co-teachers co-teachers -- co-teachersasoni in a littl. >> they told the obama administration and consulate could not with stand a coordinated attack. peter doocy is live with more on that. >>> good morning. >> good morning heather. 3 and a half weeks before the september 11th terrorist attacks on benghazi on august 159. the u.s. mission in benghazi held an emergency meeting and august 16th a secret table was sent to the state department that laid out the concerns our team on the ground had at the time. and top of the list was consulate security. the guards did not think they could protect the consulate.

damage to property and the economy, the total impact expected to reach a staggering $50 billion. the damage is perhaps nowhere worse than the coastline of new jersey where sandy came ashore laying waste to an amusement park and historic boardwalk at seaside heights. as for the airports, jfk, newark, they're expected to resume limited service this morning. the same cannot be said for laguardia. jetblue posted these photos of the runways submerged. more than 18,000 flights have already been canceled as a result of sandy. and police had to take to the air to save victims from rooftops in staten island after floodwaters surrounded their homes. they were loaded one by one into baskets before being hoisted to safety. now let's go to breezy point. a neighborhood of queens which looks like a war zone after a fire devastated the small community. absolutely devastated it. more than 100 homes were destroyed. officials say the high winds from the storm pushed the flames from one building to the next. amazingly, no serious injuries reported there. but high god, look at that neighborhood. it

will be to restore the american economy so people can purr shoe their dreams as they see fit by limited government and build capacity so people don't have to get in line and be dependent upon government. no one wants to do that. we want a society where the next generation has more opportunities than what we have. and the american dream is what this election is about. are we going to reverse the track we're on which is a false sense of economic security where we get in line and have the government solve our problems for us? as if that's ever worked in american history. or are we going to restore american greatness the way we know it works best to create jobs in a strategic way with a guy as president that will work to build solutions rather than just talking about things? i was governor of this state for eight years and i had to work with a lot of democrats but i had to work with a lot of republicans as well because they were in the majority the whole time. imagine what it would be like to be a governor of a state where 85% of the legislature was in a different party. it would require leadership th

well. it remains a strong part of the u.s. economy. >> stock the next 1% loop. >> the autos are a real bright spot. i like that gm call yesterday. in technology, we did have a couple of deals. they're merging it with a software company. but it's a pretty nice premium. you always like to see a 30-plus premium after all. >> they have some accounting issues. >> forget it if that's the case. if you say it, i believe it. we should also appoint bmc in the software area.$750 million going to buy back really quickly. by the end of the year, bmc has a lot of activists in that name. it was thought that you actually get a deal. i have spoken with a couple of them near the end of the year. you've got the likes of elliott and associates. you've got these core views in there. so it's a positive, they are changing the capital structure to a certain extent. >> we'll talk more about the ford numbers. phil, how big of a mess here? >> not a huge mess. they were slightly positive. 0.4%. what will be interesting to hear on the conference call is how much sandy slowed down sales, not only in the northeast,

of the debates on topics. do you like the format, one is for foreign affairs, one for the economy? >> in an ideal situation, the president deals of great deal with foreign policy, domestic policy, it makes sense to make sure you will not be so heavily weighted one way or another. for example, in the 2004 election, iraq was a huge issue. that might have been a time where the candidates would want to spend a lot more time on foreign policy. right now, most voters say the primary concern is the economy. so, i think maybe there needs to be a little more flexibility in combat. -- on that. i know candy was thinking about that -- on that. i know can be was thinking about that. >> they are given three debates. we did go back and look at what was covered thoroughly. one of them was education, and at one point the president but did meehan said -- looked at me and said we have not discussed education at all, and i said in my head, sorry, he spent the first 20 minutes of the first debate talking about education. we knew -- remember, the first questions all came from the town hall, so i could not just come of

the unemployment numbers saying the increase in the unemployment rate is a sad reminder that the economy is at a virtual stand still. but when we look at the jobs that have been added over the last six months, we see the steady rise, going in the right direction. unemployment dropping to under 8%, staying there. does that take out the economic message of mitt romney at the kneecaps? >> not really. one, we're not seeing the type of job growth that we need to be coming back. that number has to be way over 200,000 per month. but what it's -- and the other thing is, when you dig down into those nebs, you look at the income numbers. people are not feeling it. their incomes are not rising. so when you look at this from a political point of view, it's what people feel. what's their emotional pocketbook reaction? and the fact is right now people are still hurting. so, again, both candidates are going to spin everything. i think it's already baked in. i don't think it's going to affect it much. if it went over 8%, it could have. but at the end of the day, i think that their messages, what they're

in coral cay. many wealthy are not concerned about their benefits but are instead word about the economy. >> obama has had four years and really has not come up with anything to show the people that he did better than before, than the administration we had before, so i figure it is time for a change. >> if the majority of retirees share this view on election day, romney may take florida, an important part of winning the election. >> in a minute, we will look at unemployment in europe. >> first, other stories making headlines around the world. >> tensions are high in the tunisian capital after clashes between police and salafist muslims left italy will people dead. >> russia has launched a rocket from the steppes of kazakhstan, headed for the international space station. the rocket is carrying a spacecraft loaded with supplies including hardware, fuel, and water. >> following the resignation of former german president christian wulff, opposition leaders are calling for new rules on the president's salary. they say presidents should no longer be entitled to full salary for the rest of thei

the president's ideas on how to deal with an economy are an empty binder, if you will. we have brought forward item after item and suggestion after suggestion and bill after bill. we've passed bipartisan legislation in the house, and the senate won't take it up. what we need to do is make certain that we extend the bush tax cuts. we also want to go about closing some of the loopholes and primarily we have to cut federal spending. federal spending is completely out of control and making some cuts into this baseline so that you're actually reducing what the federal government spends is imperative. this president has put more debt on the backs of future generations and on the american people than any other president in history. and we have to get the spending under control. i talk to women every day that say they have 16 trillion reasons to go to the poll and vote against this president because they are so fed up with this out of control spending. >> congresswoman, mash sha blackburn. good to see you. >> good to see you. thank you. >> dave, let me bring you back in. it's interesting he mentioned

by these events. without that infrastructure, those communities will cease to exist and our economy will take a devastating blow. >> mark merritt, thank you for joining us tonight. >> thank you. >>> coming up, republican governor chris christie is very glad that barack obama is president. this week, anyway. >>> and later, mitt romney had a campaign event that he refused to admit was a campaign event. karen finney and jonathan capehart will join me on that. >>> and mitt romney thinks things will magically change for the better. and he got one newspaper to believe him. that's how he got their editorial endorsement. and that's in the "rewrite." i was once used for small jobs. and i took on all the bigger, tougher ones. but with mr. clean's new select-a-size magic eraser, he can take on any size job. at least we don't go near rex's mobile home as often. what are you, scared? [ dog barks ] aah! oh! [ male announcer ] new mr. clean select-a-size magic eraser. >>> new jersey governor chris christie gave the keynote address at the republican national convention. today he spoke in favor of something

, and our economy will take a devastating blow. >> mark merritt, thank you for joining us tonight. >> thank you. >>> coming up, republican governor chris christie is very glad that barack obama is president, this week anyway. >>> and later, mitt romney had a campaign event that he refused to admit was a campaign event. karen finney and jonathan capehart will join me on that. and mitt romney thinks things will magically change for the better, and he got one newspaper to believe him. that's how he got their editorial endorsement, and that's in the "rewrite." congre. in celebration of over 75 years of our government employees insurance company, or geico...as most of you know it. ...i propose savings for everyone! i'm talking hundreds here... and furthermore.. newcaster: breaking news. the gecko is demanding free pudding. and political parties that are actual parties! with cake! and presents! ah, that was good. too bad nobody could hear me. geico. fifteen minutes could save you fifteen percent or more on car insurance. >>> new jersey governor chris christie gave the keynote address at the repub

down unemployment in a significant way at this point. it's been kind of stuck. the economy added 114,000 jobs in september. this one is the last option before the election. it takes on that much more importance. both sides are likely to find something to talk about. president obama would say it's better than the 800,000 jobs we were losing when he took office. and romney could come out and say the unemployment rate is still high. and both would be right. economists would say it doesn't really matter. what's going on in your own life? do you have a job? does your spouse have a job? most people will vote with what is happening in their own lives. >> most people hear blah, blah, blah. >> it is really what you're feeling more than statistical. >>> more charges expected in the penn state sex abuse case against the university's former president, graham spanier. multiple reports say pennsylvania's attorney general is expected to announce perjury and obstruction of justice charges against spanier later today. as you know, spanier, in the wake of sandusky's scandal resigned. and he denied kno

of the largest middle class, the strongest economy the world has ever known. the promise that hard work will pay off, the promise that responsibility will be rewarded. the idea at the core of this nation that no matter who you are, no matter where you come from, no matter what you look like, this is a country where everybody gets a fair shot, and everybody does their fair share. everybody plays by the same rules. that's what we believe here in america. we believe that we are endowed by our creator with certain inalienable rights. we insist on personal responsibility. we don't believe anybody is entitled to success. we know we all have to earn it. we honor the strivers, the dreamers, the risk takers. everybody who has been the driving force behind our free enterprise system, the greatest engine of growth and prosperity the world has ever known. but we also believe that the true measure of prosperity is more than just a running tally of corporate balance sheets, quarterly profit reports. we measure prosperity not by how many millionaires and billionaires we produce. we measure prosperity by how we

york. and this is an economy issue. i am looking across the street and new jersey is deadlocked. i look downtown and it is blacked out. all of these people cannot go to work today. their businesses are closed. there are people scrambling. my friends are calling and asking where can i get food? this is a big issue. $20 billion is easily going to be the cost of this. it is all about the economy. we can get more than enough energy. and you wouldn't be facing climate change. climate change is a freak storms come a day are part of climate change. we are going to get hit with a big swell storm. i can almost tell you. ask the people that lived in new jersey. 80% of this one town is under water. when it is that happen? we had this storm last year. the exact same timing. i do not think people get it. host: thank you. you are looking at pictures of atlantic city, new jersey. hit pretty hard. the famous board reduced to splinters. the president will be in a new jersey today. torrington the state with chris christie. -- touring the state with chris christie. mitt romney will hold three rallies and

inheriting a much better economy than president obama did four years ago. >> that's interesting, eugene. several months ago there was an article that said insiders in the obama team were mortified at the thought that if governor romney wins the white house, that he would get credit for the recovery put in place by actions and decisions made by them. >> absolutely. that's exactly what would happen. and there is nothing anybody can do about it. the sitting president is going to get credit for the good and the bad. look, governor romney promises to add 12 million jobs in his first term. most economists believe that given the direction of the recovery, if it picks up as expected, we're going the gain 12 million jobs anyhow in the next four years. so most agree that the economy is going to get better, and whoever is president is going to get the credit. >> let me talk to you a little bit about speaking of getting credit, the response to sandy. part of the president -- and gentlemen, you can all take a look, as well as folks at home. president obama went to fema and washington, d.c. this morn

to have taken economy. already lots of people that have come here. it's a great event for new york. i think for those who were lost, you know, you have got to believe they would want us to have an economy and have a city going on for those that they left behind. >> reporter: $350 million economic impact it brings to the city. megyn: we are a city of survivors. trace, thank you. also from new york there are an estimated 28 million rats living around the city. where did they go when the flooded waters rushed in? we are watching governor romney in the battleground state of virginia. five days left, folks. we'll take you there live. >> i believe -- temperature [ man ] december 7th. go ahead, mark your calendars. it's the last day you can switch your medicare part d plan. we're ready, and we can't wait to switch. what i wanted was simple: the most value for my dollar. so, now that it's time, we're making the move to a plan that really works for us. [ male announcer ] make the switch to an aarp medicarerx plan, insured through unitedhealthcare. open enrollment starts october 15th and ends d

they don't have anything good to run on like the economy of the united states. so let's attack mitt romney like the ad you just showed a little bit ago with the little old ladies in the wheelchair. and the things put out by michael moore and move on d mov. this is the direction they go. i hope america wakes up and says i have had enough of this crap. let's elect a president and get america back on the right track instead of playing the games they are being played with by moveon.org and other organizations that tear count fabric of america instead of building it up. let's stand behind the president and those people on the east coast who have gone through this terrible situation and quit playing politics with it. it's not for politics. this is to get help to people who need it. megyn: michael reagan, thank you so much for being here. we have big news about the october jobs report. one of the last big economic announcements voters will get before they head to the polls. a well-known "washington post" columnist suggesting the white house needs to answer questions about benghazi and about our o

heard about the bottom line, wow, the housing economy strong, auto economy strong, but we have worries about the gridlock in washington. how much of the sudden decline in americas is related to washington? >> well, jim, i wish i could give you an exact bead on that. i will tell you, we saw it in both of our businesses, which is unusual, components and computers. in components, we saw deterioration through the quarter. july year on year, one picture, august looked worse and september looked worse. deterioration through the quarter, very surprising for us. after the june quarter, we thought we had seen a reset, signs of stabilization. it was deterioration through september, and we went through the disappointing last two weeks, when there is usually a big rush to spend the quarter-end budget. >> you invoked on the conference call, 2008-2009. i thought we put those bad days behind us, but it did make me feel like maybe i'm being too optimistic. >> yeah, jim. '08-'09, different for a couple of key reasons. a lot of the concerns were driven around the liquidity crisis. now, a more general ma

,000 in the last two months. we are going in the wrong direction. the economy was supposed to be growing twice as fast today. if only we had passed his plan. guess what? the obama economic agenda failed not because it was stopped. failed because it was passed. he came into congress with full control of washington. he had the house and the senate and the white house. and he passed his agenda. he passed his stimulus plan with all of the barn and the spending. it failed to create the jobs they said it would. then he turned his attention for a year and a half to have the government takeover of health care. then he turned his attention to an energy policy where you try to get a new national energy tax on all of our consumption. he did not get that one through the senate. he got it through the house. then he started regulating. if you are a manufacturer, or a small business, what you see coming from washington? you see more regulation, more red tape. the promise of higher taxes. you see a government spending money it does not have, barring beyond its means, barring from china to fund its government.

of early voting. so it's too late anyway. >> the economy has issued -- number one, i want to alert our viewers, janet napolitano has been in staten island touring that devastated area. here she is right now. let's listen in. >> we know that staten island took a particularly hard hit from sandy. and so we want to make sure that the right resources are brought here as quickly as possible to help this community which is so very strong recover even more quickly. just to give you a sense of an overview, it's been mentioned that this was a large storm. the area that sandy covered was roughly the size of europe. we had major disasters in a number of states that president obama already has declared emergency declarations in a number of states that have been declared. we have seen some huge impacts on things like the availability of power. and with of course the loss of power comes attendant losses on things like gasoline. so all of these things, all of these issues being worked now as the community comes back and as we work to support con ed and other utility companies in getting the grid back

spending. overall, this could be a boost to the economy. i think it's going to be viewed as an opportunity. i think we're seeing in some of the premarket activity. >> i never know really whether to believe that or not. i see with insurance companies and i've seen the case made, the broken window case that you eventually have to fix it. net net, replacing things that may have been -- didn't need replacing and using capital to do that, i can't believe that, you know, spending $20 billion on what you didn't have to do before can be net net be good long-term. is that really true? is that the case that economists make? >> well, i think it depends on how much credit is involved. in other words, it involves really construction activity and things that require durable spending. that actually is stimulative because historically durable good spending has a credit multiplier. for every dollar you have to sort of build something, you're sort of creating a lot of activity on the whole supply chain. and we know there's going to be a lot of reconstruction, but in the case of autos, about 23% of all auto

reproduction. it's about the economy, that it's about race. when we think about jim crow laws, it was all about not allowing people of two different races to reproduce. i hadn't quite put it all together until i heard you say that, so i don't want other folks to misses that. and yet surprisingly the gender gap is less extreme than i might think it would be given these circumstances. is it -- when i look at the numbers, it says to me, yes, there's a gender gap, but it's still being driven primarily by women of color and by young women. so what's going on not just with the extremes of the republican party, but with women who hear this and i'm like, yeah, i'm town with them. what is that some. >> the conventional wisdom is when the republicans say these extreme things, those women will be turned off and vote if democrats. i don't think that's necessarily the case. it's not that they don't reject what is being said, because they do. but at the same time sometimes if you're independent and you are dead on the in middle, it's because you're turned off by booth pa both party. so democrats have to reme

, very small campaign, if you ask me, while the issues could not be larger. the state of the economy being one of them, and then when you have a natural disaster on top of the serious issues that we ought to be discussing about the future of the country. i think what you are probably going to see is a tone change. now, i would also say to you that at the end of a campaign is usually a time when you do see a shift in tone because people start making their closing arguments, and you don't ever want to end a presidential campaign on a negative, nasty note. you are going to be running negative ads, sure, but the candidate himself will try and move to a higher ground always at the end of a campaign. >> let's talk a little bit about how this storm might actually impact voter turnout. we're seeing a new poll today that shows the presidential race is actually tightening in pennsylvania. the new franklin-marshall polls showing president obama with a 49% to 45% edge. it's down from last month. there are some areas in pennsylvania that are critical on the east coast, blue collar workers, that t

in there and say, this is a value to the american economy to rebuild that part of the country that's right there ton the water's edge? >> the interesting thing, chris, you're right, my house in ocean city had 10 inches -- 10 feet of water in the basement. fortunately, it didn't go under the house. but the shoreline, a lot of it's gone. and that means a comprehensive effort. we've got to find sand. and interesting, as we dredge eastern ports to get them ready for the big liners that are coming in from the panama canal, that frees up a lot of sand that can be used in rebuilding those beaches. but that's going to take an effort between the army corps of engineers and the states. and that's federal/state, again. so the recovery process depends on federal/state cooperation. and i think we're going to see it. i think new jersey, the governor is intent on bringing new jersey back. mayor bloomberg, who always does the right thing, is intent on bringing new york back. i think you're going to see a great local/state/federal effort to rebuild what's been shattered. it's what americans do best, when w

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't really find true answers yet. > > but at least the economy is still clicking. good to have you on the show this morning, todd. take care. > > thank you so much. have a great day. some airlines have resumed limited service to some of new york's airports, but some have not, and it's leaving some passengers, especially business travelers, up in the air. in our cover story, the reasons your meetings may be cancelled are underwater at the end of a runway. airlines hope to resume flights to new york's laguardia airport thursday afternoon. limited service returned to jfk and newark wednesday. "the first thing i'd tell a business traveller is call a travel agent who can get you through some of the ins and outs during this time. one of the challenges is the repositioning of jets to ny. they have to bring them back in." american airlines extended its rebooking period on storm- affected tickets without penalty through december 20th instead of the usual one-week or refunds if a flight was cancelled. but customers on united have only until november 9th to reschedule. new york's subway syste

first responders. i'm worried about the impact on our economy and transportation. the election will take care of itself next week. >> federal, state and local governments do have the luxury of taking care of the storm next week. the country will still be feeling the effects of sandy tomorrow and in the days to come and a lot of it is going to depend on people's emotions when their power is out for numerous days. joining me now is tom in delaware. you have been there all day, are the conditions deteriorating? what's it like at this hour? >> reporter: let me give you a look at what's going on behind me. this is the high tide that the governor was very worried about. he says this is going to be the crunch time for the state of delaware, especially for the coastal areas. this area is under a mandatory e evacuation order. 50,000 residents so far in the past couple days have been evacuated from this area. because of the high tide they are anticipating that much of the water will be pushed on shore. so far they believe the coastal infrastructure is in place. they believe it will hold tonight. t

be delayed. we're going to talk about the storm's impact on the race and the economy with chuck todd and cnbc's jim cramer. >>> let us start, though, with the record flooding we've seen down in lower manhattan. natalie morales is down in battery park city. natalie, good morning to you. >> reporter: and good morning to you, matt. we are fortunate that those waters have receded down here in the lower manhattan area, but obviously flooding is an ongoing concern. just to bring you up-to-date right now, nbc news has confirmed 18 deaths have now been blamed on sandy. the situation still not safe, according to officials. as you see, bands of rain and wind still whipping us around, so there's still many areas that are waterlogged right now. flooding, the ongoing concern in coastal, new jersey, which really bore the brunt of the storm. new jersey governor chris christie saying new jersey was the worst hit. the devastation along the jersey coastline he called unthinkable. more than seven million still are without power. all up and along the eastern seaboard. a quarter of the entire state of new jersey

in detroit and now i have you in argentina. he doesn't want to just bring the argentine economy to its knees. he wants to bring united bank of switzerland, citibank, jpmorgan. a bank of america, he said all the money they have too. now he can go after the congo but not enough. you can go after argentina and you can go after detroit. it's not nice. you can go after citibank and united bank of switzerland and our president is really angry. so he was secretary of state clinton, takes a very unusual nearly unprecedented action of going before the courts, the federal courts here in washington to say, this man's actions, his vulture fund action and that includes romney, their

, aggressive transformation of our energy production, economy, and society to reduce the amount of carbon we will put into the atmosphere in the future. this is as fundamental, as elemental as human endeavors get. the story of civilization is the long tale of crusaders for order battling the unceasing reality of chaos. and it is a kind of miracle that we have succeeded as much as we have, that airplanes fly through the air and roads plunge beneath the water and the entire teeming lattice work of human life exist in the manifold improbable places it does. but it's the grand irony that imposing this order on the world we've released millions of years of stored up carbon into the atmosphere which is now altering the climate and threatening the very monuments of civilization we so cherish. we absolutely have it within us collectively to beat back the forces of chaos once again, but we must choose to do so. and the time for choosing is now. you are either on the side of your fellow citizens and residents of this planet or you are on the side of the storm as yet unnamed. you cannot be neutral. so,

this in the coming days. >> but you say that we still depend on 20th century technology to power 21st century economy. what does that mean. >> that's referring to the electrical grid. we saw what 8 million people who lost power. we have a system that isn't ready for this kind of a disaster. you have a grid that can go down easily. even smaller events like halloween's storm last year. we have a system that's like the internet, more flexible, more resilient you can get it back online faster. >> people can tweet but still couldn't use internet or cell phones. >> exactly. the signature moment of the storm people tweeting that they had lost power which shows that very clearly. >> what are the big lessons back to the cover story, a lesson from the storm that makes a difference in terms of the future? >> a few. climate change clearly is real. scientists will differ how much climate change affect as storm like this. this will become more and more common in the future we'll have stronger storms, we'll have these coastal flooding events which are disastrous with sandy. one thing we need to deal with. secondar

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